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- SHSE:603290
StarPower Semiconductor Third Quarter 2024 Earnings: Revenues Disappoint
StarPower Semiconductor (SHSE:603290) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥881.5m (down 5.3% from 3Q 2023).
- Net income: CN¥148.6m (down 35% from 3Q 2023).
- Profit margin: 17% (down from 25% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: CN¥0.62 (down from CN¥0.95 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
StarPower Semiconductor Revenues Disappoint
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are down 4.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for StarPower Semiconductor (of which 1 is a bit unpleasant!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:603290
StarPower Semiconductor
Researches, develops, produces and sells power semiconductor components worldwide.
Excellent balance sheet and good value.